4. General administrative expenses
€ million |
2017/18 |
2018/19 |
|---|---|---|
Personnel expenses |
386 |
424 |
Cost of material |
387 |
398 |
|
773 |
822 |
The increase in personnel expenses within general administrative expenses is mainly due to higher variable payments in the operating segments and at METRO AG.
The increase in cost of material is primarily due to increased amortisation of intangible assets.